BankAtlantic Bancorp's Vice President of Investor Relations and Corporate Communications, Leo Hinkley talks to The Wall Street Transcript.Business Editors NEW YORK--(BUSINESS WIRE)--Nov. 13, 2001 The Wall Street Transcript has published an in-depth interview with Leo Leo, in astronomy Leo [Lat.,=the lion], northern constellation lying S of Ursa Major and on the ecliptic (apparent path of the sun through the heavens) between Cancer and Virgo; it is one of the constellations of the zodiac. Hinkley, Vice President of Investor Relations Investor relations The process by which the corporation communicates with its investors. and Corporate Communications Corporate communications is the process of facilitating information and knowledge exchanges with internal and key external groups and individuals that have a direct relationship with an enterprise. at BankAtlantic Bancorp (NYSE NYSE See: New York Stock Exchange :BBX BBX Business Basic Extended BBX Business Barter Exchange BBX Blue Bell, Pennsylvania (Airport Code) BBX Blockbuster Express (UK video store) ), in which he talks at length about the company and it's future direction. The entire 2,800-word interview is available free online at http://www.twst.com/ceos.htm Hinkley gives an overview of the company. "BankAtlantic Bancorp has truly evolved into Florida's diversified financial The diversified financial services segment includes a range of consumer and commercially-oriented companies offering a wide variety of products and services, including various lending products (such as home equity loans and credit cards), insurance, and securities and investment services holding company. The firm's primary business units are banking operations through BankAtlantic, residential lifestyle communities and master-planned community development through Levitt Corporation, and investment and financial services through Ryan, Beck & Co. Our core business unit, BankAtlantic, is one of the oldest and largest financial institutions headquartered in Florida. For over 49 years, it has built its community bank branch network throughout some of Florida's most economically vibrant areas including Dade, Broward and Palm Beach counties as well as in the Tampa/St. Petersburg areas. Looking at our overall corporate structure, lines of business, and products and services, I firmly believe BankAtlantic Bancorp is the right company, in the right place, at the right time," he said. Hinkley furthered, "From a performance standpoint, I believe our business model and corporate platform speaks for itself. From a balance sheet standpoint, look at our numbers overall. 2000 was a good year for us all the way around. In 2001, we've been breaking records in many categories, particularly in earnings. In our recently released Q3 announcement, we reported that year-to-date operating earnings Operating Earnings Profits after subtracting expenses such as marketing, cost of goods sold, administration and general operating costs from revenue. Notes: Tax and interest expenses are not subtracted - operating earnings are synonymous with EBIT (earnings before per share increased 142% and operating earnings per share increased a record 630% over its corresponding 2000 quarter." Looking forward, Hinkley states, "Florida is the third largest state by population and the fifth largest state in economic terms. Florida's growth in both areas has consistently outpaced that of the U.S. overall and that growth is anticipated to continue in the foreseeable future. Banking, real estate and financial services have been some of the strongest and most durable segments in Florida's economy, and BankAtlantic Bancorp has enjoyed being a leading driver in these sectors. The BankAtlantic story is impressive and one that I believe investors will find of considerable interest." This interview is part of a 71-page South & Southeastern Regional Banks Issue available at http://www.twst.com/info/info449.htm or by calling 212/952-7433 The Wall Street Transcript does not endorse the views of any interviewees nor does it make stock recommendations. For subscription information call 800/246-7673. Statements in this release may constitute "forward looking statements," and are made pursuant to the Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Provision of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Forward looking statements are based largely on expectations and are subject to a number of risks and uncertainties including, but not limited to, the risks and uncertainties associated with economic, competitive and other factors affecting the Company and its operations, and other factors detailed in the Company's SEC filings. |
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